Pcb design software allows companies to quickly and efficiently design printed circuit boards (PCBs). They provide tools for schematic capture, physical layout, manufacturing and verification. Using these software helps to reduce design time and costs.
The global Pcb Design Software Market is estimated to be valued at US$ 4 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing complexity of PCB designs is one of the major trends witnessed in the Pcb design software market. With electronic devices becoming more compact and multifunctional, PCB designs are becoming denser with many micro and nano components integrated together. PCB design software helps designers to layout circuits efficiently in complex designs with advanced 3D visualization tools, libraries of components and design rule checks. This is driving the adoption of Pcb design software.
Segment Analysis
The global pcb design software market can be segmented based on type, application and end-use industry. By type, the CAD (computer-aided design) software segment dominates the market as it provides multiple features like library management, component selection and placement, routing and DFM (design for manufacturing) checks. By application, the consumer electronics segment dominates as the demand for consumer electronic products like smartphones, laptops, gaming devices is rising rapidly. By end-use industry, the electronics segment dominates owing to the growing adoption of PCB design software solutions in printed circuit boards manufacturing.
Key Takeaways
The global pcb design software market Demand is expected to witness high growth, exhibiting CAGR of 12.% over the forecast period, due to increasing demand for portable electronic devices, rapid automation in electronics manufacturing and rising R&D activities in electronics sector.
Regional analysis
North America dominates the global market currently owing to presence of major PCB design software providers and significant R&D spending on consumer electronics. Asia Pacific is expected to witness the highest growth due to expansion of electronics manufacturing units and rising demand for consumer electronic goods especially in China and India.
Key players operating in the Pcb Design Software market are Cadence Design Systems, Inc., Altium LLC, WestDev Ltd., Zuken Inc., AutoDesk Inc. ANSYS, Inc., Synopsys, Inc., and Novarm Limited. The market size for 2023 is US$ 4 Mn. Key players like Cadence Design Systems and Synopsys dominate the market due to their broad product portfolio and global customer base in PCB design segment.
Explorer more information on this topic, Please visit -
The global PCB Design Software Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the PCB design software market include Cadence Design Systems, Inc, Mentor Graphics Corporation, Zuken Inc., Synopsys Inc., Forte Design Systems Inc., Autodesk Inc., WestDev Ltd., ANSYS Inc., Mentor Graphics Corporation and WestDev Ltd..
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global PCB Design Software Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/pcb-design-software-market/download-sampleMarket DynamicsThe market is mainly driven by a rise in the necessity to reduce time and remove the issues faced during product development.
Further, the growing usage of PCB design software to design complex PCBs for many applications such as contemporary automobiles, medical devices and communication devices propel the market growth.
However, the dearth of skilled professionals and the rising use of pirated software may restrict the growth of the market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
